Maruti Suzuki has signed an agreement to transport cars from Varanasi to Kolkata, lapping up the opportunity to utilise inland waterways within the country. The development, seemingly small but one with a huge potential and like many other initiatives of the government, has the potential to change the landscape of goods transportation within the country. In fact, the ease of transportation and huge benefits arising out of it leaves one wondering why Waterways have not been developed so far..
HCC (Hindustan Construction Company) got reprieve from the lenders last week with the invocation of S4A (Scheme for Sustainable Structuring of Stressed Assets) scheme, released by RBI to tide over the bad debt crisis. The invocation of the scheme reflects lenders confidence in the strength of the company. A ninety-year old company should ideally fall in the category of ‘too old to fail’, but somehow, it almost lost the plot in the last 6-7 years going through painful phases of CDR, debt restructuring and now S4A.